EMN Crosses Above Average Analyst Target
June 20, 2017 at 09:04 AM EDT
In recent trading, shares of Eastman Chemical Co (EMN) have crossed above the average analyst 12-month target price of $85.82, changing hands for $86.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..